I forgot to include this before hitting post reply, I don't think u want to run the risk of being a test case for the law in MD.

So we watched the news in 2008 when Lehman tanked and everyone said the world was going to end.......it did not, now the pundits keep saying, just about every month, real estate has hit bottom.....uh, right.

You need to find a good consultant to test it.Do it wrong, that the guy who quoted a cheap price may hit you with a huge change order, or sue over exposure!

John Stevenson I think you hit the nail on the head.

I got hit hard by one once and it wiped out the entire profit margin.

However the demand here is super high, rents are up, and typically when a multi or well priced condo hits mls it is going for more than asking.The purpose of my post is to sort of plan ahead if these areas don't yield results.

With some many families hit by the hard times it would be more unusual not to know someone.

Ned Carey pretty much hit the nail on the head.

Yes when the bubble popped we go hit hard.

So buying a foreclosure, doing the rehab and then finding a tenant and a PM seems a wee bit off our hands cause we're so far away from our next-to-be investments.I saw Dallas as a good spot but it seems that ROI is not as good as in Tampa.I've heard a lot about Kansas City : low prices with the approx. same ROI.Tucson is hit hard and foreclosure inventory stays high, but it may seem a good spot too.We dont want to invest in Miami as we think the town is pretty much overrated and wont get back to the insane level of median price.